Clues of the FAKE breakout
- No followthru of bull candles on increasing volume
- Double top at previous resistance ~1350
- Rejection volume similar to breakout volume
- SP500 Rejection from key resistance (200DMA + Weekly Trendline)
Now we wait for more information. Bulls want tightening range on 4HR over the next few days and a bull break. But bears have an upper hand imo
GL HF
Have your stop losses
- No followthru of bull candles on increasing volume
- Double top at previous resistance ~1350
- Rejection volume similar to breakout volume
- SP500 Rejection from key resistance (200DMA + Weekly Trendline)
Now we wait for more information. Bulls want tightening range on 4HR over the next few days and a bull break. But bears have an upper hand imo
GL HF
Have your stop losses
Stop loss in
